Question

Why are air and sunlight not considered assets in the economic sense?

a.

Because they have economic value

b.

Because they are owned by individuals

c.

Because their supply is abundant and not scarce

d.

Because they are productive

Posted under C02 Core Elements of Insurance IC38 Life Insurance Agent Exam

Answer: (c).Because their supply is abundant and not scarce Explanation:Air and sunlight are not considered assets in the economic sense because their supply is abundant and not scarce.

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Q. Why are air and sunlight not considered assets in the economic sense?
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